Reform reversals and output growth in transition economies*

Banking reform and development in transition economies [EBRD - Working papers]

While development of sound, market-oriented banking systems is fundamental to the transition, bank intermediation remains stunted after a decade or more of reform. This paper examines the impact of banking and enterprise reforms and other factors on banking development in transition economies at both the aggregate level and that of individual banks. A unique contribution of the paper is the ana...

Safety Nets in Transition Economies: Toward a Reform Strategy

................................................................................................................................. ii Acknowledgements: ............................................................................................................... iii Section I: Introduction..............................................................................................................

Power sector regulatory reform in transition economies [EBRD - Working papers]

Regulatory reform in the power sector of most transition economies has progressed. Regulatory independence, however, is still limited with direct (statutory) and indirect political input influencing decision making. Further reform is required to secure power tariff increases and private sector participation. Both should improve sector performance, notwithstanding current market sentiment toward...

Financial Development and Economic Growth in Transition Economies :

We examine the role of financial development in economic growth in the former Communist countries of Central and Eastern Europe and the Commonwealth of Independent States during the first two decades since the beginning of transition. These countries, which had undeveloped financial systems under Communism, provide an interesting test of the relationship between financial development and growth...

Human Capital , Growth and Inequality in Transition Economies